New York Markets After Hours

EBay's earnings in line, but forecast disappoints

SAN FRANCISCO (MarketWatch) -- EBay Inc.
EBAY, -0.42%
on Wednesday reported a second-quarter profit of $640 million, or 49 cents a share, on revenue of $3.9 billion. During the same period a year ago, eBay earned $692 million, or 53 cents a share, on $3.4 billion in sales. Excluding one-time items, eBay would have earned $822 million, or 63 cents a share, and met the estimates of analysts surveyed by FactSet. However, eBay's shares fell more than 5% in after-hours trading as the company gave a third-quarter outlook that fell short of analysts' forecasts.

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